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17th May 2015 Current Affairs



17th May Current Affairs


  1. India declares $ 1 billion in credit support to Mongolia:
    During PM’s two day visit to Mongolia, he declares $ 1 billion credit support to Mongolia for the development of Mongolia’s economy and infrastructure. Both the Prime Ministers penned down a mutual understanding statement to hold further bilateral bonds and uplift their associations to “Strategic Partnership"

    PM Modi is the first Indian ever premier who visit Mongolia and attended a Mongolian Nadaam festival. Mongolia is Modi’s second leg of a three-day tour followed by China and ended in South Korea.
  2. India beat its target in fiscal deficit this year at 4%:
    This year 2014-2015 budget, India beats its own financial target. This time government-managed fiscal deficit at 4 % of GDP or Rs 5,01,800 crores. This is a somewhat improved figure than of 4.1 percent of the GDP for the fiscal deficit in 2014-15.

    Talking about revenue deficit, it contains only 2.8% of GDP or 3 lakh crore, lower than expected 2.9 % of the GDP in the last year 2013-2014.
  3. Ravishankar Prasad introduces First postal ATM in Bihar:
    Union information and technology minister Ravishankar Prasad is all set to introduce 1,000 postal ATMs across the country so as to withdraw money at any period of time. To show his first footstep, he inaugurated first postal ATM in Bihar in General Post office Patna.

    Moreover, He also predicted to take hand-held devices in practice in the postal system that would ensure miles connectivity of the banking system across the country. In Bihar about 8,000 post offices would get handheld devices within a year, Prasad cleared in an interview.
  4. PM Modi offered Bhabhatron machine to Mongolia:
    PM Modi offered the Bhabhatron machine to Mongolia for cancer treatment during his recent visit. This machine is developed by the Bhabha Atomic Research Centre, India. According to the agreement signed between India's Tata Memorial Centre and Mongolia's National Cancer Centre to offer the Bhabhatron-II Tele-therapy machine equipped with a Radiotherapy Simulator.
  5. Haddin announced retirement from one-day cricket tournament:
    The 37-year-old Australian wicketkeeper Brad Haddin announced his retirement from one-day cricket match and decided to play in the March's World Cup final last time.

    He was last caught on camera when he won a Famous World Cup against New Zealand in Melbourne. He also made his ODI while playing against Zimbabwe in 2001.

    In his career, he played 126 ODI games and took 170 catches, 11 stumpings and scored 3,122 runs. In the famed name list, he clinched the third position after Ian Healy and Adam Gilchrist.